The Manufacturers Life Insurance Company Sells 11,386 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

The Manufacturers Life Insurance Company reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 429,495 shares of the real estate investment trust’s stock after selling 11,386 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.11% of Healthcare Realty Trust worth $7,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Healthcare Realty Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after purchasing an additional 723,197 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Healthcare Realty Trust by 52.3% during the first quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after buying an additional 3,758,040 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Realty Trust by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock worth $96,513,000 after buying an additional 395,243 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Healthcare Realty Trust by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,782,253 shares of the real estate investment trust’s stock worth $81,820,000 after acquiring an additional 158,342 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Healthcare Realty Trust by 6.7% during the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after acquiring an additional 301,747 shares in the last quarter.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $17.39 per share, with a total value of $156,510.00. Following the purchase, the director now owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John Knox Singleton purchased 6,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Bohjalian purchased 9,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 15,728 shares of company stock worth $279,069 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HR. Scotiabank boosted their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush increased their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.13.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $17.47 on Friday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -13.14 and a beta of 0.91. The stock has a 50 day moving average price of $17.86 and a 200-day moving average price of $16.38. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The firm had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.10%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.